LPL To End Direct Fund Business
April 29, 2016
Dan Jamison discusses LPL Financial’s plan to create a mutual-fund-only brokerage account and curtail its directly placed fund business.
“Recruiter Jon Henschen wonders if the new account will charge for systematic withdrawals and investments, or hit clients with inactivity fees—small charges that he says “torment” reps.”
Read the full article on Financial Advisor.